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Jul 21, 2012
07/12
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we have a big deficit. how about just cutting the deficit through different taxation policies. but the minute you get to the reality of these cuts, and here we are. you like the ryan cuts, you like him cutting things? here's what he's cutting. medicare. explain it. defend it. i think that's the problem romney's going to have between now and november. >> right. and the broader question you just raised, we have a deficit, we have a debt. these have become problematic and everyone agrees with that. then you get into the details of whose option are you going to go for and whose order are you going to protect in order to do something about that? are you going to go after the most vulnerable as the ryan budget does? not only cutting medicare but things like education and other important spending that helps the most vulnerable. or are you going to provide tax cuts for the rich or are you going to preserve some of those programs in order to move toward a society where everybody has an equal shot and chance. they're going to say that the president's trying to scare people, but this isn'
we have a big deficit. how about just cutting the deficit through different taxation policies. but the minute you get to the reality of these cuts, and here we are. you like the ryan cuts, you like him cutting things? here's what he's cutting. medicare. explain it. defend it. i think that's the problem romney's going to have between now and november. >> right. and the broader question you just raised, we have a deficit, we have a debt. these have become problematic and everyone agrees...
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Nov 7, 2012
11/12
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it exploded the deficit. didn't do anything for economic growth. here's the final opportunity for democrats to get back to the clinton level and seems to me nightmare scenario of democrats is obama short circuits the opportunity here cuts the grand bargain more on the republicans' terms and revenue source that boehner is looking for and entitlement reform aspect and shouldn't this be something democrats should be willing to work for? >> well look. speaker boehner ignored the fact that in 20 agreed to what the equivalent of a trillion dollars in spending cuts already. and that's certainly has to be factored in to the equation talking about spending cuts because that's part of it. but look simpson-bowles says we can do this. we can cut the corporate tax rates significantly by removing a lot of the corporate loopholes that would produce a whole lot of revenue. a boatload of revenue. the devil is in the i think for us as democrats we ought to be interested in one thing, steve. that's "x." "x" is what revenue is produced and if revenue is produced in a
it exploded the deficit. didn't do anything for economic growth. here's the final opportunity for democrats to get back to the clinton level and seems to me nightmare scenario of democrats is obama short circuits the opportunity here cuts the grand bargain more on the republicans' terms and revenue source that boehner is looking for and entitlement reform aspect and shouldn't this be something democrats should be willing to work for? >> well look. speaker boehner ignored the fact that in...
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Oct 16, 2012
10/12
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ross perot and the deficit is synonymous. but they seem to be billionaire endorsing -- rich guy endorsing rich by. but it shouldn't be an ignored endorsement. >> i think it's a net plus. not a significant net plus, but it helps romney. 20 years ago, 19% voted for ross perot. a the lot of those folks are still voting. >> and they did it in iowa. after florida, which is not a deficit, sort of sensitive state, iowa is a lot of orderer voters. memories of ross perot. >> and a place where the obama campaign has to be concerned. mitt romney after showing no activity came in and basically just about snuck in a primary. campaigned under the radar. >> shameless plug. >> my father, executive producer of the 1992 town hall meeting. >> and it was a great event in television history. >> bloomberg story where they interviewed the father of the late ambassador chris stevens. >> we talked about it today. >> do not politicize. that's an important message going into this debate. romney has to be careful not to politicize it too much. >> 7:00 p
ross perot and the deficit is synonymous. but they seem to be billionaire endorsing -- rich guy endorsing rich by. but it shouldn't be an ignored endorsement. >> i think it's a net plus. not a significant net plus, but it helps romney. 20 years ago, 19% voted for ross perot. a the lot of those folks are still voting. >> and they did it in iowa. after florida, which is not a deficit, sort of sensitive state, iowa is a lot of orderer voters. memories of ross perot. >> and a...
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Dec 3, 2012
12/12
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there is an interesting coalition, if you will, of very conservative deficit hawks and very liberal deficit hawks, if you will, who might come together and say, you know what, let the country go off the cliff. lack at those five-year projections. isn't this about short term versus long term? what do you say and what do you think your members would say? >> the best thing is to do something our spending problem and barring anything else, doing the automatic cuts that congress promised last year when they raised the debt ceiling would be better than doing nothing. it's separate from the ougautomc tax increase that happens on january 1. our preferred strategy here would be to accept the sequester now knowing that congress is not going to do something more rational. they're not going to take on more fundamental spending reforms and push off increasing taxes. and let's have a ration conversation about fundamental tax reform in the first six months of next year. nothing congress does in this panic is going to be rational public policy regardless of ideology. >> isn't it fair to say no matter what,
there is an interesting coalition, if you will, of very conservative deficit hawks and very liberal deficit hawks, if you will, who might come together and say, you know what, let the country go off the cliff. lack at those five-year projections. isn't this about short term versus long term? what do you say and what do you think your members would say? >> the best thing is to do something our spending problem and barring anything else, doing the automatic cuts that congress promised last...
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Dec 31, 2012
12/12
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don't forget who asked and demanded for deficit reduction. when i talked to a capitol hill staffer, here's what he said. he said -- this is very important -- "if it's a status quo election some kind of deal that staifz off sec quest rags. >> the republicans. >> i have to say it, it is the republicans that the point that are arguing against deficit reduction. they want to cancel the see quester, which is military spending cut. >> only on their terms. >> they would like spending cuts, but they would like -- they won't be ebbing mrift about exactly how do do it. >> i want to give luke the last word on this. >> is there a chance? just your kind of read on the final word on this, do we end today with some kind of a deal, or do they punt this and try to do it before january 3rd or not at all, just go over the cliff? >> i think that there's a possibility you could see a deal come out of the senate today, although i think if any deal comes out of the senate, the house will most likely vote on it tomorrow. i don't see a late night new year's eve vote
don't forget who asked and demanded for deficit reduction. when i talked to a capitol hill staffer, here's what he said. he said -- this is very important -- "if it's a status quo election some kind of deal that staifz off sec quest rags. >> the republicans. >> i have to say it, it is the republicans that the point that are arguing against deficit reduction. they want to cancel the see quester, which is military spending cut. >> only on their terms. >> they would...
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Jan 24, 2012
01/12
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and he put forward a balanced plan to bring down our deficits. these are not, these are not contrast. they are compliments, you want to get this economy going. you want to get jobs going. you want to do it in a context where people have confidence in the long-term, america has its debt under control and this is the place to invest now and in the place to do your long-term investment for job creation as well. >> we will all be watching tonight, thanks for joining us. joining me now is democratic congressman. we all watched the pageant, one side getting up and the other side getting up, shouting moments of rudeness. what do you anticipate tonight in the chamber so? >> i do not expect moments of rudeness, and i expect the president will layout what he wants to do in the next year and in the future. the president will talk about building the middle class and making sure the american dream is a live and well and that the american people have confidence that their lives will be better not worse. he is going to talk about, and i'm excited about this, ma
and he put forward a balanced plan to bring down our deficits. these are not, these are not contrast. they are compliments, you want to get this economy going. you want to get jobs going. you want to do it in a context where people have confidence in the long-term, america has its debt under control and this is the place to invest now and in the place to do your long-term investment for job creation as well. >> we will all be watching tonight, thanks for joining us. joining me now is...
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Nov 22, 2012
11/12
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this is the deficit in '09 when president obama took office and inherited the deficit from president bush. over the next three years president obama cut the deficit by $200 billion just from last year to this year, so the deficit isn't growing. it is shrinking by a lot. seriously. the folks at investors business daily calculated the deficit is now falling faster than at any time since the end of the second world war and falling so fast is might not be able to fall any faster without sending us back into recession. when president obama started, the deficit equalled 10% of the whole economy and now it equals just 7%. so go ahead, boggle your uncle's mind with this chart. the bars below zero represent years when the deficit grew. these bars above zero represent years when the deficit shrunk. we're here right now in the deficit shrunk portion of the chart. the point of the shrinking on the whole chart back to 1950. when somebody stops inevitably matering about the fiscal cliff and the sky rocketing deficit, they don't know what they're talking about and they probably don't know it is wro
this is the deficit in '09 when president obama took office and inherited the deficit from president bush. over the next three years president obama cut the deficit by $200 billion just from last year to this year, so the deficit isn't growing. it is shrinking by a lot. seriously. the folks at investors business daily calculated the deficit is now falling faster than at any time since the end of the second world war and falling so fast is might not be able to fall any faster without sending us...
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Dec 31, 2012
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at the moment we will have a fairly modest amount of deficit reduction. maybe even none at all. mixed with a fairly bad economic impact from the fiscal cliff. kicking some of the sequester down the road would be a good idea but it's the same disagreements keeping us from doing that that has kept us from getting a bigger deal. >> where we are right now and what we know about this, sam, is it clear whether one side gave more than the other? >> you know, it's just the first chapter of a several-chapter book here because now we're going to have to deal with the debt ceiling fight and republicans have been calculating that they want to extract some concessions from the white house on that. that can't be considered separate from what we're talking about today. of course, we have to do the sequestration and what will happen with those cuts. so it's too early to tell who wins, who loses. i'll add to ezra, the big losers i guess are us, and me in particular standing out here in the cold on new year's eve over a manufactured crisis. >> there are a lot of us who did not expect to be here a
at the moment we will have a fairly modest amount of deficit reduction. maybe even none at all. mixed with a fairly bad economic impact from the fiscal cliff. kicking some of the sequester down the road would be a good idea but it's the same disagreements keeping us from doing that that has kept us from getting a bigger deal. >> where we are right now and what we know about this, sam, is it clear whether one side gave more than the other? >> you know, it's just the first chapter of...
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Jul 17, 2012
07/12
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that's why we need to bring down our deficit spending and all of these things tying it together. the more you need to sit back and give this highbrow response, the less credible you are. >> can he credibly make that case? can he say i want a cleaner fairer tax system if i've been exploiting every damn loophole i can find? >> sure. of course he can. he can turn this around in a heart beat. a prominent republican today said he should go elliot ness on wall street. >> let me give you the worst case. i always assume. mooi dal you've been in politics. you know if it is better than it looks they'll tell you. if it is better than it looks. it looks bad, he's hiding something. suppose he's hiding the fact for several years he didn't pay any taxes. suppose he's saying a lot has squirrelled away in swirtser land or in islands somewhere. do you think that's going to be something he's going to be able to defend? >> absolutely. because unless he did it illegally, he played by the rules that everyone else in the country has played by. >> i disagree. >> it's going to be embarrassing at hell. bu
that's why we need to bring down our deficit spending and all of these things tying it together. the more you need to sit back and give this highbrow response, the less credible you are. >> can he credibly make that case? can he say i want a cleaner fairer tax system if i've been exploiting every damn loophole i can find? >> sure. of course he can. he can turn this around in a heart beat. a prominent republican today said he should go elliot ness on wall street. >> let me give...
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Jul 13, 2012
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he left with a $1.3 trillion deficit. he gave us massive tax breaks for the rich and two wars that were unpaid for. failed policies caused this mess. a point president obama drove home today. >> we tried it. we tried it for most of the last decade. and what were the results? we turned record surpluses into record deficits. wages, incomes stagnated. job growth sluggish. now, if you tried something and it doesn't work, why would you try it again? why would we want to go back to that? >> well, who would want to go back to that? willard mitt romney does. apparently he's ready to celebrate for deficit birthday parties. his economic policies will be just bush's just updated. last night he attended a fund raiser thrown by dick cheney. that dick cheney. the one that helped explode the deficit. at the event willard called cheney quite a man, quite a leader. he and george bush led all right. right off a cliff. joining me now is melissa harris-perry and ezra klein. melissa, why no party hat for today's tenth anniversary? where's the
he left with a $1.3 trillion deficit. he gave us massive tax breaks for the rich and two wars that were unpaid for. failed policies caused this mess. a point president obama drove home today. >> we tried it. we tried it for most of the last decade. and what were the results? we turned record surpluses into record deficits. wages, incomes stagnated. job growth sluggish. now, if you tried something and it doesn't work, why would you try it again? why would we want to go back to that?...
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Nov 14, 2012
11/12
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revenue from the wealthiest americans as part of our arithmetic if we're serious about reducing the deficit. the most important step we can take right now, we right away say 98% of americans don't see the taxes go up. 97% of small businesses won't see the taxes go up. if we get that in place, we are removing half of the fiscal cliff, half of the danger to our economy is removed by that single step. >> more on that coming up because questions at the press conference turned to the scandal everyone is talking about. involving former cia director david petraeus who will testify tomorrow at a senate intelligence hearing on benghazi. >> can you assure the american people that there have been no breaches of national security or classified information in the scandal involving generals petraeus and allen? >> do you believe you should have known sooner or are you withholding judgment until the investigation is complete on that front? >> senator john mccain and senator lindsey graham said today they want watergate-style hearings on the attack on the consulate in benghazi. >> i want to ask about the fa
revenue from the wealthiest americans as part of our arithmetic if we're serious about reducing the deficit. the most important step we can take right now, we right away say 98% of americans don't see the taxes go up. 97% of small businesses won't see the taxes go up. if we get that in place, we are removing half of the fiscal cliff, half of the danger to our economy is removed by that single step. >> more on that coming up because questions at the press conference turned to the scandal...
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Nov 26, 2012
11/12
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social security did not cut a penney of the debt or deficit. we don't need to cut it which is what a lot of the is executives want. you know, medicare has problems. we should deal with those. we should start negotiating drug price. that save 25s billion a year. they don't want to go there. the pharmaceutical doesn't want to go there. there are places to save money and make it whole but they're not the cause of the debt and debt we're dealing with. extraordinarily low taxes. for ten, 12 years we've been cutting taxes to create jobs. my question is where are the jobs. hay didn't come from the tax cuts. >> let me read something. this is part of the article that quoted your comments that says perhaps it's better to go over the cliff. it says with bad taste of budgets lingering in their mouths, liberals have a particular reason to be concerned. he struck a deal with republicans to extend the bush era tax cuts iffer more than two years app last year's agreement to raise the debt ceiling, no new revenues, angering them again. is this having to do with
social security did not cut a penney of the debt or deficit. we don't need to cut it which is what a lot of the is executives want. you know, medicare has problems. we should deal with those. we should start negotiating drug price. that save 25s billion a year. they don't want to go there. the pharmaceutical doesn't want to go there. there are places to save money and make it whole but they're not the cause of the debt and debt we're dealing with. extraordinarily low taxes. for ten, 12 years...
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Jun 18, 2012
06/12
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falling income, exploding deficit. mitt romney and his congressional allies, by the way he's aspearing with speaker boehner today in ohio which is fitting because ultimately he's going to pick a vice president to run with. ultimately his running mate is the congressional republican agenda. he's adopted it hook, line and sinker. you want to go back to the policies where we exploded our debt, middle class falls farther behind, the only answer is tax cuts for the wealthy, short change things like education. we need to focus -- this is going to be a close election. that's that going to change between now and november. what we need to focus on, the politics of it aren't going to change. going to be a very close election. let's feekous on the choice and the content -- >> but knit romney says focus on the record. you talk about how bad the problems were. this president knew that and that's why we chose to pass a nearly trillion dollar stimulus. that's why you passed financial reform. that's why you passed a health care law wh
falling income, exploding deficit. mitt romney and his congressional allies, by the way he's aspearing with speaker boehner today in ohio which is fitting because ultimately he's going to pick a vice president to run with. ultimately his running mate is the congressional republican agenda. he's adopted it hook, line and sinker. you want to go back to the policies where we exploded our debt, middle class falls farther behind, the only answer is tax cuts for the wealthy, short change things like...
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Aug 17, 2012
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this president has added $5 trillion to the federal deficit. that's all part of a larger economic argument because we are never going to be able to put the country on the right track to creating jobs again and getting the economy kick-started if we're continuing to spend billions and trillions of dollars out of washington and creating more and more government, and then at the same time, taking away benefits promised to these seniors and obama didn't keep his promise to. >> we have to sort of break that down and fact check it. we will do that later with ezra klein, because both the ryan and the obama plan take $716 billion. the only question is where they take it from. the ryan plan arguably would take it from beneficiaries. the president's plan would take it from providers and it is true that past congresses have always reneged on promises to take money away from providers. there is a legitimate question about whether current seniors or future seniors are affected by either of the plans. i think that's a larger argument we will have to have. >>
this president has added $5 trillion to the federal deficit. that's all part of a larger economic argument because we are never going to be able to put the country on the right track to creating jobs again and getting the economy kick-started if we're continuing to spend billions and trillions of dollars out of washington and creating more and more government, and then at the same time, taking away benefits promised to these seniors and obama didn't keep his promise to. >> we have to sort...
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Nov 27, 2012
11/12
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social security, not a penny to the deficit. medicare, he wants $250 million over a quarter of a year. that saves for medicare. and medicaid is more essential now than it's ever been and it's a key part of obama care. i don't know what mr. plouffe was talking about. i think he got the republican talking points mixed up with his. >> that was my first impression when i saw the videotape as well. the question comes up. what are you willing to accept in a deal when it comes to programs like medicare and medicaid? >> look, this december should be about revenues. then we can go on to have discussions about the long-term solvency and where medicare fits in and the changes coming by 2014 as we move ahead with obama care. but revenues have to come first. they should come first because we hold all the ace s. they don't have to worry about their pledge because they are voting to reduce taxes for working americans. they just can't do anything about the millionaires and billionaires and the unearned income, which is going to go back to clint
social security, not a penny to the deficit. medicare, he wants $250 million over a quarter of a year. that saves for medicare. and medicaid is more essential now than it's ever been and it's a key part of obama care. i don't know what mr. plouffe was talking about. i think he got the republican talking points mixed up with his. >> that was my first impression when i saw the videotape as well. the question comes up. what are you willing to accept in a deal when it comes to programs like...
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Jun 7, 2012
06/12
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if we blow a hole through the deficit, the only way to make it up is to cut out the things that we have doning to to make us stronger. >> that was at a fund-raiser. it wasn't the cheeriest president. his other problem is two other big disruptions that are coming that could knock him off message. the supreme court ruling for or against all or parts of the law. the festering european crisis. the president will be dealing with that. the obama campaign feels they may not be struggling to change the narrative. it may explain why a majority of the campaign's ad spending last month was positive and they are spending as much time and money going negative hitting romney in the record as massachusetts governor. one group that did welcome him is gay supporter who is gathered and the president's two-day-trip from the fund-raising in los angeles and san francisco, his third visit to california in a month as he looks for campaign cash. it is paying off. the related committees raised over $60 million in may, biggest month yet and 572,000 donors, the best fund-raising month of the campaign. of course m
if we blow a hole through the deficit, the only way to make it up is to cut out the things that we have doning to to make us stronger. >> that was at a fund-raiser. it wasn't the cheeriest president. his other problem is two other big disruptions that are coming that could knock him off message. the supreme court ruling for or against all or parts of the law. the festering european crisis. the president will be dealing with that. the obama campaign feels they may not be struggling to...
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Aug 1, 2012
08/12
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will throw us into an incredible deficit situation. will add $3 trillion to $5 trillion of deficit. they say this will produce growth. over the last 60 years the times we've had the best job creation growth has been when the tax rates on the rich has been highest, not lowest. so the theory is full of -- we had growth and taxes were raised. and when we started these tax cuts to the rich and the trickle down stuff, it did not lead to growth. >> when bill clinton raised taxes on the top two percent, it's going to cause a recession. >> jared, when you look at the facts, this is why we want to lead with this. it's really appalling. romney's tax plan would raise taxes on 95% of this country. while lavishing tax breaks on the richest 5% of americans. now here's some examples. those making under $30,000 a year would see their taxes go up $183. those making between $50,000 and $75,000 would see a $641 increase. however, those making more than $500,000 would see a tax cut -- tax cut on of more than $17,000. and those making over a million dollars would see an $87,000 tax break. how can we --
will throw us into an incredible deficit situation. will add $3 trillion to $5 trillion of deficit. they say this will produce growth. over the last 60 years the times we've had the best job creation growth has been when the tax rates on the rich has been highest, not lowest. so the theory is full of -- we had growth and taxes were raised. and when we started these tax cuts to the rich and the trickle down stuff, it did not lead to growth. >> when bill clinton raised taxes on the top two...
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Jul 20, 2012
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we have a big deficit. how about just cutting the deficit through different taxation policies. once you get to the reality of these cuts. and here we are. you like the ryan cuts? here's what he's cutting. medicare. explain it. defend it. i think that's the problem romney's going to have between now and november. >> the broader question you just raised is we have a deficit, we have a debt. these have become problematic and everyone agrees with that. then you get into the details whose are you going to protect in order to do something about that? are you going to go after the most vulnerable as the ryan budget does? not only cutting medicare but things like education and other important spending that helps the most vulnerable. or are you going to provide tax cuts for the rich or are you going to preserve some of those to move toward a society where everybody has an equal shot. they're going to say that the president's trying to scare people, but this isn't just an important issue. it's central to the philosophical divide that separates barack obama and mitt romney. you're going t
we have a big deficit. how about just cutting the deficit through different taxation policies. once you get to the reality of these cuts. and here we are. you like the ryan cuts? here's what he's cutting. medicare. explain it. defend it. i think that's the problem romney's going to have between now and november. >> the broader question you just raised is we have a deficit, we have a debt. these have become problematic and everyone agrees with that. then you get into the details whose are...
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Jul 16, 2012
07/12
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that's why we theed tax reform, need to bring down our deficit, spepding and other things, but the more you sit back and give the sort of highbrow response, the less credible you are. >> could he say i want a cleaner, fairer tax system with less loopholes if i've been exploiting every damn loophole? >> sure, he could. he could turn this around in a heart beat. i ran into a prominent republican today -- >> i always assume, michael, you been in politics. if it looks -- if it is better, looks pretty bad. he's hiding something. surpri suppose he didn't pay any taxes. do you think that's going to be something he's going to be able to defend? >> absolutely because unless he did it illegally, he play eed b the rules everybody else played by. >> it's going to be embarrassing add hell, but if he didn't cheat, he isn't a cheater. what is cheating is the tax code. >> i just got a -- disagree. the voter out there that both candidates are looking for is a working class guy and woman out there that doesn't make a ton of money. all they got is what they live on. these people are saying i'm losing my j
that's why we theed tax reform, need to bring down our deficit, spepding and other things, but the more you sit back and give the sort of highbrow response, the less credible you are. >> could he say i want a cleaner, fairer tax system with less loopholes if i've been exploiting every damn loophole? >> sure, he could. he could turn this around in a heart beat. i ran into a prominent republican today -- >> i always assume, michael, you been in politics. if it looks -- if it is...
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Nov 22, 2012
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this is the deficit in '09 when president obama took office and inherited the deficit from president bush. over the next three years president obama cut the deficit by $200 billion just from last year to this year, so the deficit isn't growing. it is shrinking by a lot. seriously. the folks at investors business daily calculated the deficit is now falling faster than at any time since the end of the second world war and falling so fast is might not be able to fall any faster without sending us back into recession. when president obama started, the deficit equalled 10% of the whole economy and now it equals just 7%. so go ahead, boggle your uncle's mind with this
this is the deficit in '09 when president obama took office and inherited the deficit from president bush. over the next three years president obama cut the deficit by $200 billion just from last year to this year, so the deficit isn't growing. it is shrinking by a lot. seriously. the folks at investors business daily calculated the deficit is now falling faster than at any time since the end of the second world war and falling so fast is might not be able to fall any faster without sending us...
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Oct 4, 2012
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if it's deficit, the president the in a weaker position, because people just associate him with the deficits, with spending. that's been a very effective line for mitt romney. and it's actually going to be interesting to see whether jim lehrer subscribes to a beltway connection with deficits, and we see from those numbers, the president is doing poorly on deficits and he's winning the race right now. >> people vote more on jobs than they vote on deficits, despite the amount the beltway obsesses on it. ed, last word? >> the other thing about the deficit, this could rope the president into a very vulnerable position and get him into a conversation about what hays going to do if he's re-elected when it comes to the big three, medicare, medicaid, and social security. i mean, is he really going to go big? >> that's a big question. >> you bet it is. and if romney can get him into a position, saying he is going to go after those big three, i guarantee you -- the president already got a letter last week, tell us what you're going to do with these earned entitlement programs, whatever you want to cal
if it's deficit, the president the in a weaker position, because people just associate him with the deficits, with spending. that's been a very effective line for mitt romney. and it's actually going to be interesting to see whether jim lehrer subscribes to a beltway connection with deficits, and we see from those numbers, the president is doing poorly on deficits and he's winning the race right now. >> people vote more on jobs than they vote on deficits, despite the amount the beltway...
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Dec 3, 2012
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we know we cannot deal with a serious deficit problem in this country as well as meeting our obligation to americans as well as making sure we protect the middle class. so he's put out a serious proposal of revenues and spending cuts and economic growth that does strengthen the middle class and get that economic growth. that's perfectly good starting point. the fact that speaker boehner rejected that, we're in a tough spot right now. what the republican leadership in the house has to do is say look here's what we want to do, here's what we believe we should do. they have to understand that the president won, the democrats gained seats in the house and the senate. the american people have said find that common ground, the beginning of that common ground is make sure we protect the tax cuts for the middle class. make sure we don't hurt the fragile economic recovery in the short term and let's deal with protecting medicare and deficit reduction for the long term. >> there's a piece in the "new york times" talking about the president's new negotiate i want aing style. it said mr. obama scat
we know we cannot deal with a serious deficit problem in this country as well as meeting our obligation to americans as well as making sure we protect the middle class. so he's put out a serious proposal of revenues and spending cuts and economic growth that does strengthen the middle class and get that economic growth. that's perfectly good starting point. the fact that speaker boehner rejected that, we're in a tough spot right now. what the republican leadership in the house has to do is say...
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Nov 28, 2012
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with the president today were on top of the game, top of the issues understood the solution to the deficit plan. >> what grows jobs in america are consumers spending money. and the average person needs that $2,000 in his pocket to drive the economy. saying that tax breaks for the rich drive consumers lower down to spend is like saying you could start your car by pouring gasoline on the hood. there's no proof, there's no factual data to support it. it's completely a sham to say that. >> and he's a business owner. we need more members of congress to sound like that. if the president is trying to achieve solidarity on raising the top tax rate, these are the voices that can come through for them with that message in a big way. an owner of an automobile supply company says she supports the plan even if it means her own personal rates will go up. >> i would have higher tax rates, but more important and more crucial, the middle class would be spending about $3,000 more. >> harry reid kept the focus on the president's winning campaign message of letting the tax cuts expire on incomes over $250,000
with the president today were on top of the game, top of the issues understood the solution to the deficit plan. >> what grows jobs in america are consumers spending money. and the average person needs that $2,000 in his pocket to drive the economy. saying that tax breaks for the rich drive consumers lower down to spend is like saying you could start your car by pouring gasoline on the hood. there's no proof, there's no factual data to support it. it's completely a sham to say that....
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Nov 16, 2012
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. >> we should have a goal in terms of how much deficit reduction. we should have a deadline before christmas. we should show some milestones of success so that confidence can build. >> we're prepared to put revenue on the table provided we fix the real problem. >> the real problem. you got that? mcconditional is all the tree stump on the lawn when you're trying to cut it. this afternoon the president held his fourth and final meetings with stakeholders, civic leaders and meshs of civic leaders. mark morel is president of the you are began league and aaron smith is co-funder of a group called noninvincibles dedicated to ensuring that young people's perspectives are accounted for in policy and economic opportunity, education, and health care issues. thank you both. i want to start with mayor morel. what can we do about this debt problem? it's growing. do you accept the fact it's a serious threat to our country? >> yeah. the deficit is a serious threat. we need a lone-term fiscal plan, not a short-term fix. the idea is there has to be shared sacrifice
. >> we should have a goal in terms of how much deficit reduction. we should have a deadline before christmas. we should show some milestones of success so that confidence can build. >> we're prepared to put revenue on the table provided we fix the real problem. >> the real problem. you got that? mcconditional is all the tree stump on the lawn when you're trying to cut it. this afternoon the president held his fourth and final meetings with stakeholders, civic leaders and...
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Sep 27, 2012
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you want to do this with the deficit. i want to do that. it's like the reason i want to do this is because i have a different set of values than republicans. >> what are those values? spell them out. >> using government as a communal progressive force to protect the safety net and to come together and invest in innovation, education, infrastructure. we're in it together. versus the ryan budget, which used as a stand-in first republican nominee, which says we're on it alone, get rid of government and give you a voucher, find medicare on your own. here comes romney and he sort of fits the mold. he's a 1 percenter. he shows no empathy, even before the 47%. >> a pure market guy. >> they use bain, from the beginning, as cynthia noted, as a value. he's out there making money. i'm thinking of wider ames and goals. >> a new bloomberg goal that has president obama leading mitt romney by six points nationally. for one big reason, half of the polls say they have an unfavorable view of mitt romney. bloomberg reports, this is a september high for a pres
you want to do this with the deficit. i want to do that. it's like the reason i want to do this is because i have a different set of values than republicans. >> what are those values? spell them out. >> using government as a communal progressive force to protect the safety net and to come together and invest in innovation, education, infrastructure. we're in it together. versus the ryan budget, which used as a stand-in first republican nominee, which says we're on it alone, get rid...
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Mar 10, 2012
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. >> but if you get over 200,000, it means you are chipping away at this jobs deficit, which is good news. more would be better. >> want proof it's bad for the republicans? here it is. how did republicans respond to the good economic news today? well, the economy added 227,000 jobs in february, with denial. listen to this statement from reince priebus. i love that name. he's chairman of the republican national committee. reince priebus said, today's jobs report is yet another reminder that far too many americans are out of work, and the situation is clearly not improving. it's actually the opposite of that. the unemployment rate has been dropping for some time now. in october it was at 9%. 9% as recently as october. it's now down to 8.3%. economists say the reason the unemployment rate stayed at 8.3%, despite the 227,000 new jobs is because as i said a moment ago, more people went out and entered the workforce. for a long time people were saying, oh, that's because people gave up. no. three times as many as usual have joined the workforce. >> as things look better, more people who ha
. >> but if you get over 200,000, it means you are chipping away at this jobs deficit, which is good news. more would be better. >> want proof it's bad for the republicans? here it is. how did republicans respond to the good economic news today? well, the economy added 227,000 jobs in february, with denial. listen to this statement from reince priebus. i love that name. he's chairman of the republican national committee. reince priebus said, today's jobs report is yet another...
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Apr 30, 2012
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he's been on almost a year and in that time he's compiled a deficit of $4.3 million. the way this normally work is that unlike students who work decades to pay off their loans, candidates much prefer to go for a bailout. in return they offer an endorsement which could be the subject of the phone call newt and mitt reportedly shared last week. like sex scandals, this is one of the truly bipartisan aspects of politics. the president's fundraising machine is being asked to help cover some campaign debt that hillary clinton still has on the books about $245,000. then the case of a man after newt's own heart. an astronaut, john glenn of ohio. it is reported that his 1984 presidential bid didn't really end until 2006. that is when the fec finally closed out his campaign with some debt unpaid. so perhaps you can learn from mr. glenn's presidential moon shot. the next time, shoot for the stars. star with us. the day's top lines are coming up. >> every president starts campaigning but i think it is time that maybe we stop that by having just one term presidents. or maybe stop
he's been on almost a year and in that time he's compiled a deficit of $4.3 million. the way this normally work is that unlike students who work decades to pay off their loans, candidates much prefer to go for a bailout. in return they offer an endorsement which could be the subject of the phone call newt and mitt reportedly shared last week. like sex scandals, this is one of the truly bipartisan aspects of politics. the president's fundraising machine is being asked to help cover some campaign...
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Jun 10, 2012
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september, the jobs ak was a big step forward because the president had been talking way too much about the deficit and bogged down in the debt ceiling debacle and came out in september and announced the plan and the poll numbers consistently started to rise. a couple of things about the jobs act and i defended it to you a couple of weeks ago and i went to look at it, and i could not find a number. there are lots of little numbers, but it should say on the front page, 6 million or 10 million one page and that is one stupid design thing, but in terms of the sale -- >> well, the economy is $13 trillion in the country and suffered from a slow growth rate of less than 2%. and he thinks that he can goose it up with a jobs bill that is $140 billion and this is less than a half a percent of the economy f. he got every nickel, he would move the economy by less than a half a percent and why does he go for something so small bore that the republicans would say, take it. and the republicans will never say, take it, ever. let me go over to you for this? any other way to analyze this small thinking? >> well, if
september, the jobs ak was a big step forward because the president had been talking way too much about the deficit and bogged down in the debt ceiling debacle and came out in september and announced the plan and the poll numbers consistently started to rise. a couple of things about the jobs act and i defended it to you a couple of weeks ago and i went to look at it, and i could not find a number. there are lots of little numbers, but it should say on the front page, 6 million or 10 million...
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Dec 31, 2012
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. >> if republicans think that i will finish the job of deficit reduction through spending cuts alone, and you hear that sometimes coming from them, sort of after today we're just going to try to shove only spending cuts down -- well, shove spending -- [ laughter ] shove spending cuts at us. if they think that's the formula for how we're going to solve this thing, then they've got another thing coming. >> i wanted to bring in democratic congressman john larson of connecticut with us from capitol hill. thanks for coming in. >> happy to be here. >> i want to talk spending in a moment but, first, what's your reaction to the parameters of a tax deal, a hike on incomes more than $400,000 for individuals, $450,000 for couples. your tlauts houghts on what we o far. >> we really don't know that much. we haven't seen anything in the house of representatives. i just heard luke russert say, you know, the ink isn't dry on any agreement yet. so while we're hopeful that there is an agreement that can be reached and have been prodding our colleagues to do so, things could implode rather easily, as w
. >> if republicans think that i will finish the job of deficit reduction through spending cuts alone, and you hear that sometimes coming from them, sort of after today we're just going to try to shove only spending cuts down -- well, shove spending -- [ laughter ] shove spending cuts at us. if they think that's the formula for how we're going to solve this thing, then they've got another thing coming. >> i wanted to bring in democratic congressman john larson of connecticut with us...
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May 1, 2012
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surrogates, and he got president clinton to go in pennsylvania and ohio to talk about the economy, deficit, health care, and all of the topics that he specialized in as president of the united states. i think it was a great decision that will help the obama campaign. i think gore and kerry didn't make a smarter decision with president clinton like obama just did. >> governor, i'm thinking pennsylvania was tough, and nort -- well north western pennsylvania. those difficult areas to reach. bill seems to have an appeal to working white people, and i'm not saying race is involved, but just normally he has such great appeal with working class whites that has to help in those states. >> no question about it, no better messenger, and bill clinton told a story why al gore should be president better than al gore did. i think he will be great in similar places in ohio. and the second factor here that's enormous for the president is their ability to raise money off their group of loyalist who have stayed on the sidelines. >> let me ask you, mark, you've been smiling at me, is it better for hillary cl
surrogates, and he got president clinton to go in pennsylvania and ohio to talk about the economy, deficit, health care, and all of the topics that he specialized in as president of the united states. i think it was a great decision that will help the obama campaign. i think gore and kerry didn't make a smarter decision with president clinton like obama just did. >> governor, i'm thinking pennsylvania was tough, and nort -- well north western pennsylvania. those difficult areas to reach....
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Aug 13, 2012
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they see eye to eye on what to do with the deficit. they want to reduce the deficit on the backs of the middle class and seniors while giving tax cuts to the very wealthy. >> we're going to have to leave it there. >> thanks, karen. >> thanks so much. >>> next, we'll ask a member of congress for their take on 0 representative ryan. stay with us. >> thanks, neil. what's not to love in this paul ryan plan? we have a future and hope for the next generation as opposed to seeing the united states come closer toward an economic collapse. this is the direction that we need to go and we need to stand by it and support it. [ male announcer ] when this hotel added aflac to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive
they see eye to eye on what to do with the deficit. they want to reduce the deficit on the backs of the middle class and seniors while giving tax cuts to the very wealthy. >> we're going to have to leave it there. >> thanks, karen. >> thanks so much. >>> next, we'll ask a member of congress for their take on 0 representative ryan. stay with us. >> thanks, neil. what's not to love in this paul ryan plan? we have a future and hope for the next generation as...
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Nov 15, 2012
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we talked about reducing the deficit, avoiding the fiscal cliff. where will the middle be met? >> on this issue, i think the american people spoke during the election, and poll after poll shows the same thing. all across the board. regardless of political ideology, the american people are saying do not cut social security. harry reid was right when he said social security has nothing to do with deficit reduction, take it off the table. you do it in a way that's fair. and what that is, the wealthy got to pay their fair share. these are ob surd tax havens in the cayman islands. you take a hard look at military spending. >> the president as we have been pointing out, the schedule will put him in manhattan to view storm damage from sandy. mayor bloomberg praised the president's stance about his reaction to sandy, about climate change and said d.c. needs to make the climate change issues a priority. do you agree that the president and the administration is willing to do enough? >> thomas, let me tell you this. there was a report that came out, front page "washington post" last week.
we talked about reducing the deficit, avoiding the fiscal cliff. where will the middle be met? >> on this issue, i think the american people spoke during the election, and poll after poll shows the same thing. all across the board. regardless of political ideology, the american people are saying do not cut social security. harry reid was right when he said social security has nothing to do with deficit reduction, take it off the table. you do it in a way that's fair. and what that is, the...
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Jun 7, 2012
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you've been involved with the gang of six, involved with all of the deficit reduction talks, are you involved in definite at this time reduction talks to try to come up with legislation that would at least be ready to go in november? >> yes, we are. it's a bipartisan group, some 32 senators. i think it would encourage a lot of people across america to see -- we're a lot way from an agreement, but there is a common feeling, if we can work together in the senate on a bipartisan basis, we can produce a starting points for this conversation the day after the election. >> does this include entitlements, changes in medicare, social security as well as tax increasing. >> i can tell you it's based on simps simps simpson bowles, and for those that boyer, don't presume that. i vote indeed support of simpson/bowles, believe that major programs would actually be stronger. >> can this be done before the election? if it's that important way wait? why not come out with some sort of proposal before the election so voters will know what they're getting? >> andrea, we passed a bipartisan bill in the s
you've been involved with the gang of six, involved with all of the deficit reduction talks, are you involved in definite at this time reduction talks to try to come up with legislation that would at least be ready to go in november? >> yes, we are. it's a bipartisan group, some 32 senators. i think it would encourage a lot of people across america to see -- we're a lot way from an agreement, but there is a common feeling, if we can work together in the senate on a bipartisan basis, we...
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Jul 9, 2012
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we all hear about the need to cut the deficit. this is a proposal by the president that would cut the deficit by $1 trillion, not exactly chump change. secondly, one of the problems with michael's argument and the argument that was made by the fellow who preceded us, it just isn't correlated to the facts. when president clinton raised taxes on the top 2% in the country which is exactly the same group that president obama is proposing, we heard all this talk about oh, it's a recession, you can't raise taxes on the job creators. well, he did it and we created 23.5 million jobs in the six and a half years that followed. so there is no correlation to job creation and raising taxes on the top 2%. >> but governor, there is -- you left out one key ingredient there. the fact that during that same period, the republicans in the house cut spending along with the president's blessing and support. so that's where you get that ability to surge the economy out of recession, is during that 1990 period, they cut the spending while the president a
we all hear about the need to cut the deficit. this is a proposal by the president that would cut the deficit by $1 trillion, not exactly chump change. secondly, one of the problems with michael's argument and the argument that was made by the fellow who preceded us, it just isn't correlated to the facts. when president clinton raised taxes on the top 2% in the country which is exactly the same group that president obama is proposing, we heard all this talk about oh, it's a recession, you can't...
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Dec 5, 2012
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does it reduce the deficit? >> joining me now is senator sherrod brown. senator, good to have you with us tonight. your comments on what nancy pelosi has to say about revenue. >> she's right. you look at a little history in the 1990s. the upper one or 2 or 5% were paying more in taxes. just a little bit more. we had 21 million private sector job creation, net job creation. when george bush cut taxes on the wealthy in 2001 and 2003, we've had no real job growth and no wage growth during this past decade. we're finally now after ten straight years of manufacturing job decline hitting places like toledo and cleveland and cincinnati particularly hard, we're seeing now in the last two years after the auto rescue, after we're doing some of the right things here, we're seeing job growth. i agree with what nancy pelosi said. history improves itself. >> so based on history, this is about math and not ideology. the sense i get on the hill today, if you don't get the rate increase, you can forget everything else. >> we have seen in this country a decline in infrastr
does it reduce the deficit? >> joining me now is senator sherrod brown. senator, good to have you with us tonight. your comments on what nancy pelosi has to say about revenue. >> she's right. you look at a little history in the 1990s. the upper one or 2 or 5% were paying more in taxes. just a little bit more. we had 21 million private sector job creation, net job creation. when george bush cut taxes on the wealthy in 2001 and 2003, we've had no real job growth and no wage growth...
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Nov 27, 2012
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deficit reduction. that's probably a little too much out of revenues over the short term. so let's go back to child tax credit and some middle income tax relief and that, but let's keep a substantial portion of that revenue and we don't have to the talking about stupid across the board cuts and do more targeted cutses in programs that need cutting and bolster those that need bolstering. one thing it, no one's talking about within-third of the deficit is due to high unemployment. we should be talking about investment that will put americans back to work and that takes care of a third of the deficit. if you're talking about a grand bargain, okay, revenues putting people back to work and then we'll talking about cuts. >> that's a profound point. all of a sudden we're supposed to go into this grand bargain of medicare and medicaid because we went through recession and the tax base was low because there was a lot of people unemployed for months on end and we had to invest in the economy to where we've got it
deficit reduction. that's probably a little too much out of revenues over the short term. so let's go back to child tax credit and some middle income tax relief and that, but let's keep a substantial portion of that revenue and we don't have to the talking about stupid across the board cuts and do more targeted cutses in programs that need cutting and bolster those that need bolstering. one thing it, no one's talking about within-third of the deficit is due to high unemployment. we should be...
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Apr 18, 2012
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they will tell you, well, we have to do this because the deficit is so bad. the deficit is bad. we have to deal with the deficit in a serious way which means all of us will have to make tough choices. it is one thing to deal with the deficit in a way that is fair and asks everybody to do their fair share in dealing with the deficit as an excuse to do what you want to do anyway. their argument might fly if it weren't for the fact they're also proposing to spend $4.6 trillion on lower tax rates on top of the 1 trillion they would spend on tax cuts for people making more than $250,000 a year or more. that's their priority. they want to give me more of a tax break. i just paid taxes. it is not like i love paying taxes. you know, i can afford it. i don't need another tax break. right now companies can't find enough qualified workers for the jobs they need to fill. programs like this are training hundreds of thousands of workers with the skills that companies are looking for and it is working and it is going to help america grow. i have seen it. here in lorraine county 90% of the peop
they will tell you, well, we have to do this because the deficit is so bad. the deficit is bad. we have to deal with the deficit in a serious way which means all of us will have to make tough choices. it is one thing to deal with the deficit in a way that is fair and asks everybody to do their fair share in dealing with the deficit as an excuse to do what you want to do anyway. their argument might fly if it weren't for the fact they're also proposing to spend $4.6 trillion on lower tax rates...
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speaker boehner tapped paul ryan to help get his party in line ahead of deficit talks. where in the world is eric cantor? we will talk with luke russert and martin bashir about whether or not the gop can get its frogs in the wheel barrow. >> "new york times" national editor sam sifton says why you shouldn't think about serving salad or anything before the big meal. all of that when "now" starts in a mere 180 seconds. [ male announcer ] if you suffer from heartburn 2 or more days a week, why use temporary treatments when you can prevent the acid that's causing it with prevacid24hr. with one pill prevacid24hr works at the source to prevent the acid that causes frequent heartburn all day and all night. and with new prevacid24hr perks, you can earn rewards from dinner deals to music downloads for purchasing prevacid24hr. prevent acid all day and all night for 24 hours with prevacid24hr. i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a tric
speaker boehner tapped paul ryan to help get his party in line ahead of deficit talks. where in the world is eric cantor? we will talk with luke russert and martin bashir about whether or not the gop can get its frogs in the wheel barrow. >> "new york times" national editor sam sifton says why you shouldn't think about serving salad or anything before the big meal. all of that when "now" starts in a mere 180 seconds. [ male announcer ] if you suffer from heartburn 2 or...
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Aug 27, 2012
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number one fiscal growth fair trade deficit debt burdens. those are the foremost topics. and candidates were forced to address them head on. that was 20 years ago. since then federal debt quadrupled. in the guest spot, david waker, who recently wrote an ad on the debt with ross perot. walker is the president and ceo of the come back america initiative who is about to embark on the $10 million a minute bus tour, educating the public on the current debt crisis. david, thank you for being here. >> thank you for having me. >> what do you want to accomplish on the bus tour? >> i noted that the rnc is causing the national debt clock. frankly, that low balls the problem. we had delivered to our offices today the new u.s. financial burden barometer. it is over $70 trillion and growing by 10 million a minute because the national debt klos doesn't count unfunded pensions, retiry healthcare, social security, medicare programs, et cetera. we need to realizer with not exempt of the laws ever prudent finance. we are trying to force candidate to deal with more substance and solutiones a
number one fiscal growth fair trade deficit debt burdens. those are the foremost topics. and candidates were forced to address them head on. that was 20 years ago. since then federal debt quadrupled. in the guest spot, david waker, who recently wrote an ad on the debt with ross perot. walker is the president and ceo of the come back america initiative who is about to embark on the $10 million a minute bus tour, educating the public on the current debt crisis. david, thank you for being here....